Do u think small business units can survive in competitive markrt?
Hi Toshi,
Nandini is absolutely correct!!
Nandini is absolutely correct!!
Small scale industries enjoy the following advantages:
1. Subsidies from government
2. Abundant labour
3. Special taste and preference for traditional Indian goods
4. Low income groups will prefer goods of low price
The first two advantages help in reducing the cost of production of the goods and the last two will make such goods preferable in the market. Thus, a small-scale industry does not incur losses rather enjoys low cost of production and preference for its goods in the market.
Hope this answers your query.
Keep posting and keep studying!!